Hess Midstream LP(HESM)

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Hess Midstream LP(HESM) - 2023 Q4 - Annual Report
2024-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39163 no Hess Midstream LP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...
Hess Midstream LP Announces Pricing of Secondary Public Offering of Class A Shares
Businesswire· 2024-02-06 02:10
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“HESM”) today announced the pricing of the previously announced underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”), resulting in gross proceeds of $331 million, exclusive of any proceeds that may be received in connection with the exercise of the underwriter’s option to purchase additional shares. The Sel ...
Hess Midstream LP Announces Secondary Public Offering of Class A Shares
Businesswire· 2024-02-05 21:15
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”). The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offe ...
Hess Midstream LP(HESM) - 2023 Q4 - Earnings Call Transcript
2024-01-31 23:33
Hess Midstream LP (NYSE:HESM) Q4 2023 Earnings Conference Call January 31, 2024 12:00 PM ET Company Participants Jennifer Gordon - Vice President of Investor Relations John Gatling - President and Chief Operating Officer Jonathan Stein - Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Securities LLC Brian Reynolds - UBS Douglas Irwin - Citi John McKay - Goldman Sachs Operator Good day, ladies and gentlemen, and welcome to the Fourth Quarter 2023 Hess Midstream Conference Call. M ...
Hess Midstream LP Announces Guidance, Increases and Extends Return of Capital Program Through 2026
Businesswire· 2024-01-31 13:05
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided financial and operational guidance and expectations. “ We continue to execute our strategy of making focused investments to capture increasing volumes in the Bakken,” said John Gatling, President and Chief Operating Officer of Hess Midstream. " Our 2026 minimum volume commitments imply substantial growth from 2023 levels, underpinned by Hess’ planned development activity and our continued focus on gas capture. This g ...
Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2023
Businesswire· 2024-01-31 13:00
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2023 net income of $152.8 million compared with net income of $149.8 million for the fourth quarter of 2022. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $37.5 million, or $0.55 basic earnings per Class A share compared with $0.49 basic earnings per Class A share in the fourth quarter of 2022. Hess Midstream generated Adjusted EBITDA of $264.1 million. Net ...
Hess Midstream LP Announces Distribution Per Share Level Increase
Businesswire· 2024-01-29 21:15
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6343 per Class A share for the quarter ended December 31, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the fourth quarter of 2023 as compared to the third quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream’s distri ...
Hess Midstream LP Schedules Earnings Release Conference Call
Businesswire· 2024-01-11 22:49
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 31, 2024, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2023 earnings release. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstr ...
Hess Midstream LP(HESM) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39163 Hess Midstream LP (Exact name of Registrant as specified in its charter) DELAWARE 84-3211812 (State or other jurisdiction of incorporation ...
Hess Midstream LP(HESM) - 2023 Q2 - Earnings Call Presentation
2023-08-10 09:29
HESS MIDSTREAM LP HESS MIDSTREAM LP REPORTS ESTIMATED RESULTS FOR THE SECOND QUARTER OF 2023 • Completed accretive $100 million repurchase of Class B units of Hess Midstream Operations LP in June 2023, which is the second repurchase transaction during 2023. • Net income was $147.9 million. Net cash provided by operating activities was $204.6 million. News Release Second Quarter 2023 Highlights: • Increased quarterly cash distribution to $0.6011 per Class A share for the second quarter of 2023, an approximat ...